8131 Maddox StDallas, TX 75217

Property Details for 8131 Maddox St

Year built

1946

Construction

FRAME

Lot size

0.23 AC

Property size (Sq ft)

1,144 SF

Zone code

Z239

Property type

Retail space

APN

567466000000

APU

567466000000

Description

This 1,418 square-foot vacant commercial property, located at 8131 Maddox St, Dallas, TX 75217, presents a compelling value-add investment opportunity. The single-story, 1946-built structure sits on a 0.23-acre lot and is classified as a Class D building with Planned Development zoning. Currently vacant, the property offers significant potential for redevelopment or repurposing. Its strategic location on Maddox Street, across from Pleasant Grove Stadium, ensures high visibility and traffic exposure, exceeding 30,000 vehicles daily. Convenient access to Loop 12 and proximity to US-175 further enhance its appeal. The property's versatility, stemming from its auto shop, flex, and storefront subtypes, allows for a range of uses. With an occupancy date of October 5, 2024, this property is ready for immediate action. The property's APN is 00000567466000000. This is a rare chance to acquire a well-positioned commercial property in a high-traffic area of Dallas County, Texas. The property is ideal for investors seeking a value-add project with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $311,527

  6.5%

  $287,564

  7%

  $267,023

• Comparable approach

  Method

  Valuation

  Relative Method

  $354,725

  Geo Method

  $863,105

• Alternative Use

  Use

  Valuation

  Residential

  $242,571

  Hospitality

  $222,194

  Educational

  $184,862

  Medical

  $191,220

  Retail

  $287,564

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.7331

Longitude

-96.6815

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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